We know these are especially trying times for everyone, and small businesses are struggling to keep up with the changes resulting from CDC Guidelines, state and federal mandates.  Rest assured we are here to help you navigate this situation.

If you are a TEGFCU member with a commercial loan/line of credit or mortgage and are struggling to make your payments due to the COVID-19 crisis , please email Businessloans@tegfcu.com.   Be sure to include your name, email, primary phone number, business name and address and how your business is experiencing hardship so a TEG team member can reach out to you to discuss your situation and how we may be able to help.

Also the Small Business Administration is providing several resources to help you and your business:

Economic Injury Disaster Loan Program – Apply directly with the SBA as they can provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19).

SBA COVID 19 Resources Page – This page provides links to the latest communications from the government and the CDC which impact small business owners.

We're Committed to Helping Your Business Succeed

Businesses of all sizes may need some extra cash flow now and again, and we have the experience and resources to custom tailor a business loan to meet the specific needs of your business – no matter what size.

Long Term Loans

Whether your business is just getting off the ground, growing, or looking for ways to streamline existing debt, TEG’s Term Loans give you the flexibility and affordability you need.

Term loans are a smart solution for:

  • Purchase of capital assets
  • Remodel or expansion
  • Business acquisition
  • Permanent working capital
  • Refinance/consolidation of business debt
  • Business equipment
  • Vehicle purchases and more!


  • Financing available from $5,000 to $1,500,000
  • Terms from 12 months to useful life of the collateral
  • Fixed or variable interest rates
  • Secured and unsecured options available

Short-Term Notes

TEG can help your business satisfy its cash flow and temporary capital needs at a low interest rate.


  • Financing available from $5,000 to $500,000
  • Terms from 30 to 180 days
  • Fixed or variable interest rates
  • Secured and unsecured options available

Term loans are a smart solution for:

  • Payroll and taxes
  • Working capital
  • Short term payables
  • Equipment
  • Sale/acquisition of land

Commercial Real Estate Loans

When it comes to commercial real estate, having a good loan is just as important as having a good location. TEG can help your business acquire, refinance, or invest in the property you want at a rate and term than will help your business continue to succeed. And the best part – TEG has NO prepayment penalty

We offer financing for purchase or refinance of:

  • Owner-occupied business property
  • Investment property
  • Mixed-use property

Loan Features:

  • Financing up to $1,500,000
  • Terms up to 15 years (amortization not to exceed 25 years)
  • No prepayment penalty
  • Fixed and variable rates
  • Must be secured by collateral
Commercial buildings

Lines of Credit

A revolving or non-revolving line of credit from TEG allows you to borrow what you need, when you need it. It can help you manage short-term working capital such as seasonal inventory or payroll needs.

A revolving line of credit gives your business the flexibility of using funds as you need them, with no limit to the number of times you can borrow and pay back funding within your approved limit.

A non-revolving line of credit works best if you know how much your business needs to borrow and you want to receive the funding in one lump sum.


  • Financing available from $1,000 to $100,000 unsecured or $1,500,000 secured
  • Interest rates based on prime plus a margin
  • Revolving or non-revolving options available

Construction Loans

If you’re planning to construct a new commercial building or take on a major renovation for your business’s current property, TEG can provide competitive financing and guide you through the process.

Loan Features:

  • Financing up to $1,500,000
  • Maturity up to 2 years
  • Fixed interest rates
  • Must be secured by collateral

Not a business member yet? Find out if your business is eligible.